Inside Financial Markets

government announces prices of petroleum products

shell petrolGovernment announces prices of petroleum products

Federal Minister for Finance Senator Mohammad Ishaq Dar announced today, after due approval from the Prime Minister,  that the prices of Kerosene oil, High Octane Diesel and Light Diesel Oil Shall remain unchanged from 1st April 2015. While the prices of Petrol will increase by Rs.4 and High speed Diesel will be increased by Rs. 3 only.

OGRA proposed the following Increase on the basis of the actual purchases made during the month of March 2015.

CHANGES IN PRICES OF PETROLEUM PRODUCTS

 

PRICES DETERMINED

(Rs / litre)

 

Product

Existing Prices

Determined prices

Determined increase

MS (Petrol)

 

70.29

74.29

4.00

High Speed Diesel (HSD)

80.61

86.86

6.25

HOBC

 

80.31

87.97

7.66

Kerosene

 

61.44

63.00

1.56

 

 

While the government, in order to facilitate the people, determined the following prices.  (Applicable from 1st of April 2015)

CHANGES IN PRICES OF PETROLEUM PRODUCTS

 

PRICES DECIDED BY GOVERNMENT

 

(Rs / litre)

Product Existing Prices Prices decided by Government Increase
MS (Petrol)

 

70.29

74.29

4.00

High Speed Diesel (HSD)

80.61

83.61

3.00

HOBC

 

80.31

80.31

0.00

Kerosene

 

61.44

61.44

0.00

LDO

 

57.94

57.94

0.00

 

 Reduction / adjustment in prices has been made through adjustment in Sales Tax rate and / or adjustment in Petroleum Development Levy (PDL) rate

 

Sanie Khan

Sanie Khan holds a deep knowledge of the financial markets in Pakistan. Based in Karachi, he has over 20 years of hands-on management experience in financial technologies and managing operations in the financial sector. He was the General Manager at the Pakistan Stock Exchange (PSX) for 17 years. He along-with senior members of Exchange

Add comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.

The Canadian Securities Institute

CANADIAN SECURITIES COURSE - Inside Financial Markets

CSI is part of Moody's Analytics Learning Solutions, which offers educational programs and credentials throughout the world.

Email Newsletter

Subscribe to receive inspiration, news, and ideas in your inbox.

Inside Financial Markets was a joint publication of Pakistan Stock Exchange (PSX)and Society of Technical Analysts Pakistan (STAP)